Reuters Asia Business

(Reuters) -Asian bonds witnessed renewed cross-border inflows in October following a month of sharp outflows, as an improved regional growth outlook and a series of U.S. trade agreements in Southeast Asia lifted investor sentiment. Foreign investors bought $368 million of regional bonds in Indonesia, Malaysia, Thailand, India and South Korea, reversing $5.48 billion in net …

Foreigners turn net buyers of Asian bonds in October on improved growth outlook Read More »

BANGKOK (Reuters) -Thailand’s Supreme Court ordered former Prime Minister Thaksin Shinawatra to pay 17.6 billion baht ($542.37 million) in taxes from a 2006 share sale, senior officials said on Tuesday, reviving a case that led to his ousting 19 years ago. In 2006, Thaksin sold shares Shin Corp, a telecommunications firm he founded, to Singapore’s Temasek, …

Thailand’s top court orders ex-PM Thaksin to pay $542 million in taxes Read More »

TOKYO (Reuters) -A Japan ruling-party panel consisting of lawmakers close to Prime Minister Sanae Takaichi proposed on Tuesday compiling a supplementary budget exceeding 25 trillion yen ($161 billion) to fund the premier’s planned stimulus package. The proposed amount, which would be much larger than the previous year’s extra budget of 13.9 trillion yen, underscores growing …

Japan ruling-party panel proposes $161 billion extra budget to fund stimulus Read More »

By Leika Kihara TOKYO (Reuters) -Japanese authorities are facing renewed pressure to combat a decline in the yen, driven in part by market bets that dovish new premier Sanae Takaichi will pile pressure on the central bank to go slow in raising interest rates. A weak yen boosts exports but hurts households and retailers by …

Factbox-Japan’s toolkit to combat unwelcome yen declines Read More »

TOKYO (Reuters) -Honda Motor said it will begin gradually resuming normal operations at its North American vehicle assembly plants from Monday, a sign that production disruptions from a shortage of Nexperia chips are easing. Japan’s second-biggest automaker halted output at its Mexico plant on October 28 and adjusted production at factories in the United States …

Honda to resume regular output at N. America plants after chip supply disruptions Read More »

BEIJING (Reuters) -China National Petroleum Corp (CNPC) inaugurated its power unit, China Petroleum Electric Energy Co Ltd, in Beijing on Monday, the state-owned oil giant said in a statement. The company is expected to serve as a hub for the group’s new energy business, a vehicle for its market-oriented power transition and a platform to …

China’s CNPC inaugurates power unit in Beijing to drive new energy business Read More »